CYBER1 - Profitable growth bodes for a bright future - Mangold Insight Analysis
Mangold updates Cyber Security 1 ("CYBER1") after the first quarter of 2023. CYBER1's revenue increased to EUR 13.4 (9.5) million compared to the same period last year, representing a growth rate of 41 percent. Gross profit grew by 65 percent to EUR 3.1 (1.9) million compared to the same quarter of the previous year. The gross margin increased to 23.3 percent compared with 19.9 percent last year. All subsidiaries reported a positive EBITDA during the quarter, which is seen as a sign that the company has turned its course. EBITDA amounted to EUR 392 thousand during the quarter compared to